Economic and Political Union, 27 Member States

Party to the Convention: Yes
Party to the Protocol: Yes
UNFCCC Status: Annex I
2020 Reduction Target: 20-30% (1990)
2050 Reduction Target: 80% (1990)
Fast-Start Pledge: $9595M, aggregate (€ 7200M)
National Communication: Fifth National Communication


Can auctioning rescue the EU ETS market?
Compared to earlier trading periods, Phase III of the EU ETS will see a marked reduction in the free allocation of emissions allowances to industrial installations, with a corresponding increase i... Read more
The new market in EU aviation allowances - trouble ahead?
Trading in the latest type of carbon credit, EU aviation allowances (EUAAs), has begun despite remaining doubts as to the viability of the new market, which have been exacerbated by diplomatic tur... Read more
The future of international emissions credits in the EU ETS
In the aftermath of the Durban conference analysts have been turning their attention to the continued role of Kyoto Protocol emissions credits in the EU ETS. To date this trading mechanism has pro... Read more
A step closer to saving the emissions market at Durban: encouraging outcomes on the AAU surplus and linkage
By Climatico Contributor: Sabina Manea The outcome of the UN conference in Durban has been more positive than initially indicated by the complexity of the negotiations. It is particularly lauda... Read more
A Surprise Ending for Durban (Almost)
By Climatico Contributor: Shira Honig The Durban conference on climate change ended on a much better note than many expected, but continued to delay the toughest questions for at least three years. ... Read more